The Bank of Canada is not entirely sure how much the new mortgage rules will slow the housing market, despite releasing forecasts in its Monetary Policy Report
Smaller firms not backed by mortgage insurance go for much higher rates than the BoC’s 4.64%
The high prices of houses in West Vancouver, where the average cost of a home rose 3.8 per cent to $1.67 million in December, is already having an impact on the value of surrounding areas.
Weaker housing market in Calgary as oil revenues plunge… U.S. citizens in Canada may face house tax bills… Energy costs to soar in Alberta…
Capital investment in Canada’s multi-family rental sector totaled more than $10 billion in 2013, according to a new report by the Real Property Association of Canada.
Forget the naysayers -- home prices are expected to rise or remain stable in most Canadian markets this year, according to an in-depth report released by RE/MAX.
What can your income buy you?... Living in the loft adds density to Halifax... Flipping could land you with a large tax bill... Deficit for Alberta as oil revenues plummet...
If you thought the Bank of Canada’s estimation that the country’s housing market was overvalued by 20 per cent was startling, how about Deutsche Bank’s estimation of a whopping 62 per cent overvaluation?
Housing starts in Canada were trending slightly lower in December as developers work to stabilize the pace of new home construction, and by extension the supposedly overheated housing market.
As Canada’s west coast starts to feel the impact of the decline in oil prices, investors and homeowners in Labrador West are seeing first-hand the risks associated with owning property in a resource-driven market.
Hamilton’s residential market experienced a hot 2014, and is expected to see a hot 2015 as well, but the city’s commercial market has been slow to pick up steam.
Canada’s housing is 63 per cent over-valued says Deutsche Bank… Homes over $1 million surge in Calgary… Labrador West ‘bubble has burst’… Non-profit housing organisation reports record numbers…